Vestis Correlations

VSTS Stock

15.20 1.89 14.20%

The current 90-days correlation between Vestis and Air Lease is 0.45 (i.e., Very weak diversification). The correlation of Vestis is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Vestis Correlation With Market

Very weak diversification

The correlation between Vestis and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vestis and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Vestis. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Vestis Stock please use our How to Invest in Vestis guide.

Moving together with Vestis Stock

0.83	TRTN-PC	Triton International	Pair Corr
0.75	TRTN-PD	Triton International	Pair Corr

Moving against Vestis Stock

0.46	GATX	GATX Fiscal Year End 28th of January 2025	Pair Corr
0.39	FPAY	FlexShopper	Pair Corr
0.37	CAR	Avis Budget Group	Pair Corr
0.34	HRI	Herc Holdings	Pair Corr
0.33	AL	Air Lease	Pair Corr
0.62	CTOS	Custom Truck One	Pair Corr
0.49	ZCARW	Zoomcar Holdings Symbol Change	Pair Corr
0.34	ALTG	Alta Equipment Group	Pair Corr
0.43	BE	Bloom Energy Corp Trending	Pair Corr
0.38	AZ	A2Z Smart Technologies	Pair Corr

Related Correlations Analysis

	R	AL	VSTS	EHGO	WLFC	AER	CAR	FPAY	FTAI	HRI
R		0.83	-0.14	0.78	0.79	0.61	0.82	0.47	0.89	0.79	R
AL	0.83		-0.33	0.75	0.51	0.56	0.85	0.38	0.65	0.65	AL
VSTS	-0.14	-0.33		-0.5	-0.1	0.11	-0.37	-0.39	-0.15	-0.34	VSTS
EHGO	0.78	0.75	-0.5		0.65	0.24	0.69	0.49	0.71	0.8	EHGO
WLFC	0.79	0.51	-0.1	0.65		0.58	0.57	0.64	0.89	0.91	WLFC
AER	0.61	0.56	0.11	0.24	0.58		0.45	0.24	0.55	0.49	AER
CAR	0.82	0.85	-0.37	0.69	0.57	0.45		0.47	0.72	0.67	CAR
FPAY	0.47	0.38	-0.39	0.49	0.64	0.24	0.47		0.74	0.66	FPAY
FTAI	0.89	0.65	-0.15	0.71	0.89	0.55	0.72	0.74		0.85	FTAI
HRI	0.79	0.65	-0.34	0.8	0.91	0.49	0.67	0.66	0.85		HRI
	R	AL	VSTS	EHGO	WLFC	AER	CAR	FPAY	FTAI	HRI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

HRI	+ 0.91	WLFC
FTAI	+ 0.89	R
FTAI	+ 0.89	WLFC
CAR	+ 0.85	AL
HRI	+ 0.85	FTAI
AL	+ 0.83	R

High negative correlations

EHGO	- 0.5	VSTS
FPAY	- 0.39	VSTS
CAR	- 0.37	VSTS
HRI	- 0.34	VSTS
VSTS	- 0.33	AL
FTAI	- 0.15	VSTS

Risk-Adjusted Indicators

There is a big difference between Vestis Stock performing well and Vestis Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Vestis' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
R	1.43	0.11	0.10	0.15	1.45	(1.55)	3.32	(2.64)	7.72
AL	1.21	(0.02)	0.02	0.07	1.36	(1.41)	2.70	(2.41)	7.58
VSTS	1.51	(0.13)	(0.05)	0.00	1.75	(1.80)	3.54	(2.93)	17.30
EHGO	4.52	1.21	0.18	(3.84)	4.91	(5.77)	14.29	(8.22)	46.99
WLFC	2.91	0.67	0.24	0.28	3.07	(3.42)	7.00	(4.97)	33.51
AER	0.99	(0.08)	(0.05)	0.02	1.15	(1.24)	2.57	(1.50)	7.68
CAR	2.95	(0.03)	0.04	0.08	3.24	(3.27)	6.48	(5.69)	16.84
FPAY	3.21	0.71	0.12	(1.16)	3.77	(3.79)	8.40	(6.76)	18.88
FTAI	1.98	0.45	0.20	0.28	2.21	(2.22)	5.02	(3.45)	12.55
HRI	2.12	0.54	0.37	0.33	1.14	(2.61)	6.47	(2.36)	20.05

Vestis Corporate Executives

Elected by the shareholders, the Vestis' board of directors comprises two types of representatives: Vestis inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Vestis. The board's role is to monitor Vestis' management team and ensure that shareholders' interests are well served. Vestis' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Vestis' outside directors are responsible for providing unbiased perspectives on the board's policies.

Ricky Dillon	Executive CFO	Profile
Christopher Synek	Executive COO	Profile
Grant Shih	Executive CTO	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC